SCHEDULES

SCHEDULE 24Annual investment allowance

Part 1Amendments of CAA 2001

8(1)Section 217 (restrictions on allowances) is amended as follows.

(2)In subsection (1), for “a first-year allowance is not” substitute “no annual investment allowance or first-year allowance is”.

(3)In subsection (2), after “Any” insert “annual investment allowance or”.

(4)In the heading, after “No” insert “annual investment allowance or”.